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By Faith Ashmore, Benzinga
Alternative investments are all the rage right now, from BlackRock’s (NYSE: BLK) CEO sharing positive remarks about Bitcoin to tokenized real estate gaining traction. It seems that traditional investment opportunities are up against strong contenders as young people and self-directed investors set their eyes on alternatives. These innovative players are focusing on establishing advantages as they strive to maintain and cement market leadership in these nascent fields, and one company just bolstered its leadership position by appointing a new Advisor and Chief Token Strategist.
What Is Tokenization And Who Is Leading The Charge?
Tokenization refers to the process of converting physical assets, such as real estate or precious metals, into digital tokens that can be traded on a blockchain network. Real estate tokenization helps democratize real estate by allowing smaller investors to participate in the traditionally exclusive market. By fractionalizing properties into tokens, real estate can be divided into smaller ownership units, making it more affordable and accessible to a broader range of individuals. This creates opportunities for investors who might not have had the resources to invest directly in larger properties. Estimates predict that tokenized “real-world assets” could be worth $10 trillion by 2030.
Companies like Diamond Lake Minerals Inc. (OTCPK: DLMI) are ahead of the curve in the industry thanks to their innovative technology. DLMI has spent a substantial amount of time and resources under the leadership of its CEO Brian J. Esposito working on the program of converting real estate assets into blockchain-based digital tokens in its ecosystem.
How DLMI Is Bolstering Its Leadership Position
A big part of DLMI’s strategy was its recent strategic acquisition of Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack. Avrio will deploy its registered digital financial market infrastructure (dFMI) for the tokenization of digital assets across the DLMI network of companies in spaces like financial services, real estate, media, entertainment, gambling and more. This interoperability is key to the mass adoption of digital assets and tokenization.
While DLMI is working to create a strong infrastructure, it is also investing in its leadership. The company just announced it is bringing in Douglas Borthwick as Advisor and Chief Token Strategist. With over 30 years of experience in the finance industry, he has held significant positions at INX Limited and The INX Digital Company (OTC: INXDF), where he played a crucial role in pioneering the first-ever IPO of a registered security on the blockchain and advised on numerous regulated public and private security token raises. Borthwick most recently co-founded Blu Canary Capital and operates as its Chief Executive Officer. Blue Canary is a venture studio shaping entertainment's future through AI, web3 and immersive experiences.
"I am absolutely thrilled to have Mr. Borthwick join our team here at Diamond Lake Minerals. Over the years he and I have been out pounding the physical, and virtual, streets about the future of tokenization, the power and utility of security tokens, and the importance of regulation. I have nothing but admiration and respect for him, and the professionalism, experience, and value he brings to DLMI is vast." said Brian J. Esposito CEO of Diamond Lake Minerals, Inc.
Prior to his involvement in the blockchain space, Borthwick held leadership roles at TP-ICAP, Morgan Stanley (NYSE: MS), Merrill Lynch and Standard Chartered Bank, specializing in electronic trading and managing derivatives trading groups in major financial hubs like New York and London, with a particular focus on emerging markets.
Borthwick shared, "It is apparent that [Diamond Lake Mineral’s CEO] Brian is assembling a strong team along with the necessary infrastructure to cater to the tokenization of assets. I look forward to working with his seasoned team of professionals with their own deep inroads into the supply of tokenizable products, the regulated tokenization of them and global distribution to institutions and the general public. Recent moves by Diamond Lake Minerals have strengthened Brian's hand and I look forward to contributing wherever I can."
Featured photo courtesy of Douglas Borthwick.
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